Structured Cabling Market Size to grow by USD 7377.88 million between 2023-2027
According to a research report “ Structured Cabling Market” by Type (Copper cable, Fiber optic cables) End-user (Data center, Telecommunications, Industrial, Buildings) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 7377.88 million, at a CAGR of 9.03% during the forecast period. The global data center market is experiencing significant growth due to the increasing demand for data storage and processing capabilities from businesses and individuals. This surge in data generation has led numerous companies to establish their own data centers or opt for colocation solutions to efficiently serve their customers. Furthermore, the widespread adoption of cloud computing is fueling this trend. In March 2021, Google alone announced an investment of over USD7 billion in US data centers and offices, with plans for expansion in Nevada, reflecting the industry's ongoing expansion..
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By Type, the Copper cable segment is projected to dominate the market size in 2024
In the global structured cabling market, the copper cable segment held the largest market share in 2023, driven by its effectiveness in transmitting data over short to medium distances. Copper cables are poised for growth in data centers and desktop connections due to technological advancements. The increasing energy demands and substantial investments in construction projects are fueling the copper wire and cable industry. Moreover, the expansion of smart grids and investments in enhancing smart power transmission and distribution systems are further boosting the demand for copper cables. Consequently, the rising demand for copper cables is expected to significantly contribute to the growth of the structured cabling market during the forecast period.
By End-user, Data center segment is expected to hold the largest market size for the year 2024
The data center market is experiencing exponential growth due to the significant increase in data generation across various industries. This trend is driven by the vast number of transactions that create copious amounts of data, necessitating robust server infrastructure for management and storage. The surge in data generation is further amplified by the expanding digital media sector, as consumers increasingly prefer digital formats. This shift has resulted in increased investments in high-capacity memory disks, servers, cooling systems, power solutions, and security measures, fueling the demand for data center infrastructure and propelling the market's expansion.
North America is forecasted to hold the largest market size by region in 2024
The structured cabling market is experiencing significant growth due to the increasing demand for advanced communication systems in businesses. This sector's expansion is driven by the integration of technology in various industries, leading to the need for reliable and efficient infrastructure for data transfer. Companies are investing in high-quality cabling solutions to support their digital transformation initiatives and enhance operational efficiency. The market is expected to continue its upward trajectory, fueled by the ongoing digitization trend and the requirement for seamless connectivity.
The Structured Cabling Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Structured Cabling Market is witnessing significant growth due to the increasing demand for high-speed data transfer and connectivity in various sectors, including IT and telecommunications. The market is driven by the adoption of advanced technologies such as 5G technology and data center convergence, which require predictable performance, system availability, and redundancy. The electric wiring infrastructure forms the backbone of these systems, with structured cabling systems playing a crucial role in transporting data signals between devices and information transport systems. The market for structured cabling systems is segmented into copper cables and fiber optic cables. Copper cables continue to dominate the market due to their affordability and ease of installation, but fiber optic cables are gaining popularity due to their higher bandwidth and longer transmission distances. The telecommunication infrastructure market, including data centers, digital services, and Internet users, is a significant end-user for structured cabling systems. Moreover, the increasing adoption of IoT and other communication infrastructure technologies is expected to further fuel the growth of the structured cabling market in the coming years. The software segment of the market is also expected to grow as companies invest in managing and optimizing their cabling systems to ensure efficient and reliable communication.
Market Research Overview
The Structured Cabling Market encompasses a range of technologies and infrastructure used for connecting devices and transporting data signals in various industries, including LANs in server rooms, broadband connectivity, and data centers. With the rise of cloud computing, smart cities, and 5G technology, the demand for reliable and high-speed communication infrastructure has surged. Structured cabling systems, including copper and fiber optic cables, play a crucial role in IT and telecom sectors, enabling predictable performance, redundancy, and system availability for digital services and internet users. Copper cables, such as Cat5e, Cat6, and Cat7, are commonly used for LANs and connecting devices, while fiber optic cables offer higher bandwidth and longer distances for broadband connections, cloud services, and active networks. Key components of structured cabling systems include fiber optic panels, connectors, receivers, transmitters, and components. The market also includes software segment for patch cord documentation and network infrastructure management. The telecommunications sector, IoT, data centers, and wireless infrastructure are major applications for structured cabling. Electric wiring infrastructure and telecommunication towers are essential parts of the communication cabling landscape, supporting various digital services and enabling the integration of technologies like analog cameras, fiber fuses, copper NICs, and fiber optic transmitters and receivers. Overall, the structured cabling market continues to evolve with advancements in technologies, such as data center convergence, broadband infrastructure, and 5G technology.
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